Why Holdings Corstar Sold 17,584 Stock of CorVel (CRVL)?; Intest (INTT)’s Sentiment Is 1.67

June 13, 2018 - By Hilary Hom

CorVel Corporation (NASDAQ:CRVL) Logo

Intest Corp (INTT) investors sentiment decreased to 1.67 in Q1 2018. It’s down -1.24, from 2.91 in 2017Q4. The ratio has dropped, as 25 investment managers opened new or increased stock positions, while 15 reduced and sold positions in Intest Corp. The investment managers in our database now possess: 5.30 million shares, up from 5.09 million shares in 2017Q4. Also, the number of investment managers holding Intest Corp in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 12 Increased: 17 New Position: 8.

More important recent CorVel Corporation (NASDAQ:CRVL) news were published by: Finance.Yahoo.com which released: “Should You Be Tempted To Sell CorVel Corporation (NASDAQ:CRVL) At Its Current PE Ratio?” on May 18, 2018, also Gurufocus.com published article titled: “CorVel Corp (CRVL) Files 10-K for the Fiscal Year Ended on March 31, 2018”, Nasdaq.com published: “CorVel Announces Fiscal Earnings Release Webcast” on May 17, 2018. More interesting news about CorVel Corporation (NASDAQ:CRVL) was released by: Globenewswire.com and their article: “Consolidated Research: 2018 Summary Expectations for CorVel, Consol Energy, Ardelyx, Aevi Genomic Medicine ..” with publication date: May 31, 2018.

Investors sentiment increased to 1.33 in 2018 Q1. Its up 0.42, from 0.91 in 2017Q4. It is positive, as 8 investors sold CorVel Corporation shares while 37 reduced holdings. 17 funds opened positions while 43 raised stakes. 8.06 million shares or 0.63% less from 8.11 million shares in 2017Q4 were reported. Geode Mgmt Lc invested in 171,777 shares. New York-based Secor Capital Advsr Limited Partnership has invested 0.03% in CorVel Corporation (NASDAQ:CRVL). Pillar Pacific Cap Mgmt Ltd Com has invested 0.07% in CorVel Corporation (NASDAQ:CRVL). Ubs Asset Americas has invested 0% of its portfolio in CorVel Corporation (NASDAQ:CRVL). Jefferies Gru has invested 0% in CorVel Corporation (NASDAQ:CRVL). State Street has invested 0% in CorVel Corporation (NASDAQ:CRVL). Arrowstreet Cap Partnership holds 0% in CorVel Corporation (NASDAQ:CRVL) or 36,184 shares. Citigroup Inc stated it has 12,504 shares or 0% of all its holdings. Moreover, Ls Inv Advisors Limited Liability Co has 0.01% invested in CorVel Corporation (NASDAQ:CRVL). Teachers Retirement System Of The State Of Kentucky holds 0% of its portfolio in CorVel Corporation (NASDAQ:CRVL) for 3,691 shares. Stone Ridge Asset Limited Liability Corporation holds 0.03% or 11,028 shares in its portfolio. State Of Alaska Department Of Revenue, Alaska-based fund reported 3,101 shares. Financial Bank Of America Corp De holds 0% of its portfolio in CorVel Corporation (NASDAQ:CRVL) for 4,266 shares. New York State Common Retirement Fund holds 0% of its portfolio in CorVel Corporation (NASDAQ:CRVL) for 13,579 shares. State Board Of Administration Of Florida Retirement owns 14,725 shares or 0% of their US portfolio.

CorVel Corporation provides medical cost containment and managed care services to address the medical costs of workersÂ’ compensation benefits, automobile insurance claims, and group health insurance benefits. The company has market cap of $951.55 million. The firm offers network solutions, including automated medical fee auditing, preferred well-known provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review. It has a 27.53 P/E ratio. It also provides a range of patient management services comprising claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, life care planning, disability management, liability claims management, and auto claims management services.

The stock increased 0.15% or $0.08 during the last trading session, reaching $50.4. About 3,820 shares traded. CorVel Corporation (NASDAQ:CRVL) has risen 13.90% since June 13, 2017 and is uptrending. It has outperformed by 1.33% the S&P500.

In an electronic form that was submitted to the Security and Exchange Commission, it was disclosed that the major shareholder of Corvel Corp Holdings Corstar, an insider in spotlight, made sold with a broker for 17,584 shares of the California-based company, having a value near $914,469 US Dollars using the average stock value of $52.0 US Dollars. He also sold 2,009 shares valued at $104,649 USD in the last month. Today, Holdings Corstar owns 7.15 million shares which are equivalent to about 37.90% of Corvel Corp’s market cap.

Since June 4, 2018, it had 0 buys, and 4 sales for $749,441 activity. JESSUP R JUDD also sold $309,272 worth of CorVel Corporation (NASDAQ:CRVL) shares. CLEMONS V GORDON sold $257,943 worth of stock. Shares for $77,577 were sold by Saverien Michael on Thursday, June 7. $104,649 worth of CorVel Corporation (NASDAQ:CRVL) was sold by CORSTAR HOLDINGS INC on Tuesday, June 5.

Bard Associates Inc holds 1.03% of its portfolio in inTEST Corporation for 309,510 shares. Nokomis Capital L.L.C. owns 470,081 shares or 0.6% of their US portfolio. Moreover, Ativo Capital Management Llc has 0.22% invested in the company for 115,887 shares. The Ontario – Canada-based Hillsdale Investment Management Inc. has invested 0.09% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 370,500 shares.

Analysts await inTEST Corporation (NYSEAMERICAN:INTT) to report earnings on August, 2. They expect $0.23 earnings per share, up 43.75% or $0.07 from last year’s $0.16 per share. INTT’s profit will be $2.37M for 7.77 P/E if the $0.23 EPS becomes a reality. After $0.22 actual earnings per share reported by inTEST Corporation for the previous quarter, Wall Street now forecasts 4.55% EPS growth.

The stock increased 1.06% or $0.08 during the last trading session, reaching $7.15. About 4,066 shares traded. inTEST Corporation (INTT) has risen 4.00% since June 13, 2017 and is uptrending. It has underperformed by 8.57% the S&P500. Some Historical INTT News: ; 08/03/2018 – InTEST Sees 1Q EPS 14c-EPS 18c; 03/05/2018 – InTEST 1Q Adj EPS 22c; 08/03/2018 – INTEST CORP QTRLY NET REV $19.4 MLN VS $10.3 MLN; 03/05/2018 – inTEST 1Q EPS 4c; 08/03/2018 inTEST 4Q Loss/Shr 44c; 08/03/2018 – InTEST Sees 1Q Rev $18M-$19M; 08/03/2018 – InTEST Sees 1Q Adj EPS 16c-Adj EPS 20c; 08/03/2018 – INTEST CORP QTRLY ADJ SHR $0.31; 08/03/2018 – inTEST 4Q Rev $19.4M; 08/03/2018 – INTEST CORP QTRLY TOTAL BOOKINGS $21.8 MLN VS $11.6 MLN

inTEST Corporation designs, manufactures, and markets thermal, mechanical, and electrical products for use in the testing of integrated circuits worldwide. The company has market cap of $73.70 million. The firm operates through two divisions, inTEST Thermal Solutions and inTEST Electromechanical Semiconductor Products. It has a 79.44 P/E ratio. The inTEST Thermal Solutions segment offers ThermoStream temperature management tools, MobileTemp systems, ThermoChambers, Thermal Platforms, ThermoChuck precision vacuum platform assemblies, and Thermonics temperature conditioning products.

CorVel Corporation (NASDAQ:CRVL) Institutional Positions Chart

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